Prime Minister Jeong: "Disaster Fund Used for Small Businesses and Vulnerable Groups During COVID-19 Year" (Update)

Prime Minister Jeong Sye-kyun

[Asia Economy Reporter Kwangho Lee] Prime Minister Chung Sye-kyun stated on the 21st regarding the novel coronavirus infection (COVID-19) situation, "The government will allow disaster-related funds, which are limited in use, to be used for small business owners and vulnerable groups specifically for COVID-19."

On the same day, Prime Minister Chung held a meeting of the Central Disaster and Safety Countermeasure Headquarters (CDSCH) for COVID-19 response at the Government Seoul Office and said, "This is an unprecedented crisis situation, so we must respond by mobilizing all imaginable means without considering precedents."

He emphasized, "The approval from President Moon Jae-in was already completed yesterday," and added, "We expect to be able to utilize up to 3.8 trillion won from the funds held by the 17 metropolitan cities and provinces."

He continued, "Since these funds are raised from the precious taxpayers' money of the metropolitan and provincial residents, I especially urge the governors to prioritize and use them appropriately and effectively to contribute to overcoming the crisis."

This content was produced with the assistance of AI translation services.